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Big loan sale helps digital bank reset its balance sheet
American Banker· 2025-09-11 20:25
What to know: First Internet Bancorp's planned sale of $869 million in single tenant lease commercial real estate loans to Blackstone would be the biggest individual loan sale in the company's 25-year history. Key insight: Despite the sale, First Internet still likes the single tenant market and plans to continue lending in it.Forward look: The loan sale deal would result in a reduced CRE concentration and higher capital levels for the $6.1 billion-asset First Internet.First Internet Bancorp, which has been ...